19^th Aug 2018

There are reports that there may well be a mass exodus of BTL investors from the market because of the many changes imposed upon the sector. However according to the latest survey from a nationwide estate and lettings agent ,confidence abounds in the private rented sector as more than half of landlords (52%) are positive in what the future holds in store for them.

The survey also found that 30% of landlords were unconcerned by the present day situation, but only 16% were disgruntled with their 'lot'.

In June 1,100 landlords took part in the survey which discovered that the two main concerns for them were increasing maintenance costs - 83% - and 80% were apprehensive about the long term profitability. However the tenant fees ban was only a concern for 43% and just 32% saw Brexit as a potential threat.

In spite of the economic and political situations, the majority of landlords are determined to stay in the market and take a decision further down the line as to carrying on, as 64% stated they had no intention in selling a property over the next twelve months.

Martyn Alderton, national lettings director of the agent's chain, said: “Given the number of regulatory and tax changes in the buy-to-let market over the last few years, it wouldn’t be surprising if landlords felt some trepidation about the future. However, it’s great to see that the landlords we surveyed do, for the most part, remain positive about the future.

“Our research shows the majority of landlords are in it for the long term and that’s important for the well-being of the Private Rental Sector, providing much needed homes for those who cannot yet afford, or do not wish to purchase due to lifestyle choices."


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